Sensex rises in early trade on value-buying
After two sessions of losses, the benchmark BSE Sensex rose over 82 points in early trade on Wednesday as stocks of realty, consumer durables and banking sectors led the recovery on value-buying by participants amid a mixed trend at other Asian bourses.
The 30-share index, which had lost 739.08 points in the previous two sessions, recovered by 82.15 points, or 0.29 per cent, to 28,792.02. On similar lines, the National Stock Exchange index Nifty edged up by 16.35 points, or 0.19 per cent, to 8,728.40 in early trade.
The gauge had lost 225.70 points in the past two sessions. Brokers said fresh buying by investors amid a mixed trend at other Asian markets influenced the sentiment but data showing that foreign funds sold shares on the domestic bourses in Tuesday’s trade after remaining net buyers, restricted buying activity.
Among other Asian markets, Japan’s Nikkei rose 0.50 per cent while Hong Kong Hang Seng shed 0.38 per cent in early trade on Wednesday. The US Dow Jones Industrial Average ended 1.85 per cent lower in Tuesday’s trade.